What kind of currency does kuwait use

After independence, and to mark the achievements reached in the State of Kuwait in all aspects, the Central Bank of Kuwait issues gold, gold plated and silver Commemorative coins, and commemorative banknotes on different occasions to the public and currency collectors.

Culture and Heritage Customs and Traditions in Kuwait. Currency Of Kuwait. Currency notes are issued by the Central Bank of Kuwait in the following denominations: quarter Dinar, half Dinar, one Dinar, five Dinars, ten Dinars and twenty Dinars. After the circulation of only a few hundred pieces of this currency in the markets for few months, it was withdrawn for the following reasons: During that period, Kuwait used the Rupee of Queen and Empress Victoria.

Among its divisions was the paisa. Kuwait had no gold reserve to foster its national currency. Kuwaiti Dinar The issue and circulation of currency notes and coins is subject to the provisions of law 32 of concerning currency, the Central Bank of Kuwait CBK and the organization of the banking business in the country.

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